Frequently Asked Questions

Can an existing life insurance policy be used to provide for the repayment of an outstanding mortgage loan?

Yes: the purchase of a new mortgage protection term insurance policy is usually not required by the lender. An existing policy, either term or cash-value life insurance, can be used for many purposes, including paying off an outstanding mortgage loan balance in the event of the insured’s death.
Credit life insurance is frequently recommended in conjunction with the taking out of an installment loan when purchasing expensive appliances or a new car, or for debt consolation. Is credit life insurance a good buy?

Credit life insurance is frequently more expensive than traditional term life insurance. Further, if you already own a sufficient amount of life insurance to cover your financial needs, including debt repayment, the purchase of credit life insurance is normally not advisable due to its relatively high cost.


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Contact Information

Churchville location »
2907 Churchville Road, P. O. Box 70
Churchville, MD 21028

Elkton location »
211 West Main Street
Elkton, MD 21922



As farm specialists in the Harford and Cecil County area, Lassen, Marine & Webster can assess your unique needs and risks to recommend the best insurance for you whether you’re running a large-scale operation or small family farm.


Traditionally known as scheduled personal property and other structures insurance, equipment insurance protects the equipment used to keep your farm operating, including tools, livestock, feeding tracks, irrigation systems, etc.

Your farm requires an abundance of equipment to keep it running smoothly. Equipment insurance, traditionally known as scheduled personal property and other structures insurance, covers anything from livestock to machinery. Scheduled personal property and other structures are insured against the following perils:

  • Fire
  • Lightning
  • Windstorm & hail
  • Theft
  • Smoke
  • Vandalism and malicious mischief
  • Collision explosion
  • Additional perils for livestock:
    • Attack by wild animals or dogs (sheep not included)
    • Accidental drowning
    • Accidental shooting
    • Electrocution

Scheduled Personal Property
  • Farm machinery
  • Irrigation equipment
  • Livestock
  • Protects newly acquired farm equipment for a certain period of time
  • Covers equipment/tools rented, borrowed or leased

Additional Structures
  • Barns
  • Silos
  • Portable buildings & structures
  • Fences
  • Corrals
  • Pens
  • Chutes
  • Feed tacks
  • Private power & light poles

Optional Coverages Include:
  • Custom Farming
  • Earthquake
  • Extra Expense
  • Limited Pollution Liability
  • Loss of Earnings
  • Seasonal Coverage